KEY RESPONSIBILITIES
- Build and maintain a robust quality framework that reviews the quality of investigation undertaken by AML TM team.
- Undertaken thematic review in the unit as per various money laundering detection scenarios. Identify risk and build a remediation plan.
- Undertaken review on work undertaken by AML Monitoring team of Group Operations.
- Assist business stakeholders to identify and analyse business risks.
- Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved and risk managed.
- Review of CB UAE circulars to understand the requirement of amending procedure of investigation approach to ML /terror financing risks.
- Gathering of market intelligence to understand emerging typologies and undertake the risk review and remediation plan.
- Maintain adequate record-keeping /MI and evidences pertaining to AML QC, etc.
- Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB.
- Develop methods for team effectiveness; question and investigate the reliability and integrity of data, the validity of conclusions, and the appropriateness of assumptions made.
- Provide operational expertise to internal working groups, teams and committees focused on enhancing current procedures and creating efficiencies.
- The Bank’s Group AML Monitoring Compliance function.
- The Bank’s compliance with standards and regulations.
- Other authorities as directed by the MLRO of Group Compliance or obligations mentioned in CB circulars.
- Manager, AML TM Quality Checks/ AML – AVP and AML – VP: Daily; Meetings, phone calls, e-mails; To report progress updates and to raise new risks/issues or challenges as appropriate.
- Head of FLOD Compliance Operations: As required; Meetings, phone calls, e-mails; To report progress updates and to raise new risks/issues or challenges as appropriate.
- MLRO Team: As required; Meetings, phone calls, e-mails; To report suspicious activity and to raise new risks/issues or challenges as appropriate.
REQUIREMENTS / QUALIFICATIONS
- Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
- At least 8 years of banking experience preferably 5 years in Compliance and/or Audit in Banks.
- Excellent understanding of regional laws and applicable international regulations.
- Excellent Knowledge of the AML/CTF applied on different business banking functions.
- Strong interpersonal, people management and facilitation skills.
- Team player, able to meet tight deadlines and manage challenging workload.
- Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy.
- Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.
Preferred / Beneficial
- Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills.
Formatting approach
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